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Unitedhealth Grp (UNH) Breaks Through Support at $220.26

By David Diaz

Shares of Unitedhealth Grp (NYSE:UNH) opened today below their pivot of $221.87 and have already reached the first level of support at $220.26. Investors may be interested in a cross of the next downside pivot targets of $218.57 and $215.27.

Over the past year, Unitedhealth Grp has traded in a range of $208.07 to $287.94 and is now at $218.86, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

There is potential upside of 25.6% for shares of Unitedhealth Grp based on a current price of $218.86 and an average consensus analyst price target of $274.83. Unitedhealth Grp shares should first meet resistance at the 50-day moving average (MA) of $232.84 and find additional resistance at the 200-day MA of $244.51.

SmarTrend recommended that its subscribers protect gains by selling shares of Unitedhealth Grp on July 24th, 2019 by issuing a Downtrend alert when the shares were trading at $248.98. Since that call, shares of Unitedhealth Grp have fallen 10.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts unitedhealth grp

Ticker(s): UNH